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InsurTech news

Insurance and reinsurance technology related news, focused on the wave of interest in InsurTech start-ups, investing in insurance technology initiatives, as well as reinsurance tech start-ups or ReinsurTech.

Kin expands US reach with carrier takeover

15th December 2021

Kin Insurance, a direct-to-consumer homeowners insurance technology company, has greatly expanded its reach in the US market with the completion of its acquisition of an inactive insurance carrier that holds licenses in 43 states. For Kin, which currently operates in only Florida, Louisiana and California, the deal enables it to serve customers ... Read the full article

Digital broker LuckyTruck secures SiriusPoint backing

15th December 2021

LuckyTruck, a digital broker and aggregator has secured an investment and partnership with specialty re/insurer SiriusPoint. LuckyTruck is a niche broker focused on making the purchase of insurance for trucking fleets in the US more transparent, customized, affordable, and convenient. The company aims to disrupt commercial trucking insurance brokerage, offering an alternative ... Read the full article

Ebix Europe to offer alternative trading platform for London Market

14th December 2021

London Market technology specialist Ebix Europe has announced that it is designing and developing a new electronic trading platform that will offer an alternative to the recently announced PPL platform. The platform, called PlacingHub, has been developed by Ebix Europe’s in-house specialists, and promises to offer users the equivalent functionality already ... Read the full article

Tremor sees $175m premium transacted in 2021, marketplace revenue swells 400%

14th December 2021

Leading online reinsurance pricing and placing platform Tremor transacted $175 million of premium in 2021 and achieved marketplace revenue growth of over 400% year over year. Tremor has seen over $275 million of reinsurance premium transacted on its marketplace since 2018. While the market has continued to harden overall and traditional reinsurance ... Read the full article

SiriusPoint helps create new Floridian insurer VYRD

14th December 2021

A new insurer serving homeowners in Florida has launched as a joint venture between specialty re/insurer SiriusPoint and insurtech Bolt. VYRD is set to deploy cutting-edge technology in its efforts to bring more choice and new solutions to customers in Florida. Residents in the state have faced rising prices as litigation costs ... Read the full article

Coalition launches cyber-focused Captive

13th December 2021

Commercial lines insurtech Coalition is set to launch a new captive targeting risk on its cyber programs. It's hoped this Captive will enhance Coalition's ability to manage capacity and its long-term growth objectives, whilst also aligning incentives with its customers. The firm's technology-driven approach is eyeing a new, more successful model of ... Read the full article

Verisk’s Sequel launches new distribution solution

10th December 2021

Insurance software specialist, Sequel a Verisk Business, has announced the development of a new solution designed to simplify the distribution of standalone products and delegated authority business. The solution, called Sequel Hub, will launch with over 10 carriers and two of the top 3 brokers. Sequel Hub orchestrates messaging between brokers, carriers, ... Read the full article

Insurtech Goosehead expanding into life following ETHOS deal

9th December 2021

Goosehead, a technology independent carrier, has announced its entrance into the life insurance space through a strategic alliance with Ethos Life. Through Goosehead’s Digital Agent Platform, clients can now access coverage online without blood tests or medical exams. This partnership is seen as a way to eliminate traditional barriers and underscore Goosehead’s ... Read the full article

Twelve Capital & Eos partner on insurtech growth funding

9th December 2021

Twelve Capital, an investment manager specialising in the insurance industry, has partnered with insurtech venture capital fund manager Eos Venture Partners to provide growth funding for insurtech companies. With an exclusive focus on insurtech and adjacent opportunities, the fund will capitalise on Twelve Capital’s insurance network and Eos’ insurtech expertise. The focus ... Read the full article

Digital disruption to accelerate in 2022: Clyde & Co

8th December 2021

Analysts at Clyde & Co are anticipating that investment in technology will ramp up in the coming year, with potential ramifications for every aspect of insurance companies’ operations, from internal processes to the products and solutions they deliver to customers. The global COVID-19 pandemic has already accelerated the push to digitisation ... Read the full article

INARI recruits Chief Commercial Officer from AkinovA

7th December 2021

INARI, a core technology provider for the global insurance and reinsurance industries, has announced the appointment of Alexander Pike as Chief Commercial Officer to support its international growth strategy. Based in London, Pike will be INARI’s first UK employee, and will be tasked with the role of building out the company’s ... Read the full article

Mercury Insurance adopts CAPE Analytics AI underwriting tools

7th December 2021

Multi-line insurer Mercury Insurance has decided to adopt the suite of property intelligence solutions from CAPE Analytics into its underwriting workflows. CAPE’s property attributes and risk scores will be leveraged by Mercury to instantly assess risk on a property-by-property basis across the states it operates in, including California. By integrating this new ... Read the full article

Neptune Flood partners with insurance marketplace Attune

7th December 2021

AI-driven flood insurtech Neptune Flood has announced a new partnership with Attune Insurance, a New York-based commercial insurance marketplace. Going forward, brokers using Attune will have access to Neptune solutions for flood risk. Neptune offers coverage limits eight times the level of the NFIP and optional business interruption cover to help businesses ... Read the full article

PPL next gen platform due in 2022, Masojada confirms

3rd December 2021

Bronek Masojada, Chair of the PPL Board, has said that delivery of the next generation of the platform will be in 2022. Speaking during a CEO Breakfast event this week, Masojada confirmed the timeline for the next phase of London Market's electronic placing platform. Originally rolled out in 2016, Placing Platform Limited ... Read the full article

Howden to utilise hull & cargo solutions from Concirrus

3rd December 2021

International insurance broker Howden is planning to utilise the Quest Marine Hull and Quest Cargo solutions by insurtech Concirrus as part of a digital transformation program. Howden will be the first company in the broker market to utilise Quest Cargo to inform the development of xTrade Cargo, its new digital platform ... Read the full article

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